Core Insights - KKR Real Estate Finance Trust Inc. (KREF) reported an earnings per share (EPS) of -$0.03, missing the estimated EPS of $0.01, which marks a significant decline from the $0.40 EPS reported a year ago [2][6] - The company exceeded revenue expectations with $31.41 million compared to the estimated $29.62 million, although this represents a decrease from the $37.01 million in revenue reported in the same quarter last year [3][6] - KREF's financial ratios indicate challenges, including a negative price-to-earnings (P/E) ratio of -26.40 and a high debt-to-equity ratio of 4.36, reflecting a relatively high level of debt compared to its equity [4][5][6] Financial Performance - KREF's earnings surprise for the quarter was a negative 400%, indicating a substantial deviation from expectations [2] - The company has consistently failed to meet consensus revenue estimates over the past four quarters [3] - KREF's earnings yield is approximately -3.79%, further highlighting its negative earnings situation [5] Market Position - KREF operates in a competitive market, with peers such as Blackstone Mortgage Trust and Starwood Property Trust [1]
KKR Real Estate Finance Trust Inc. (NYSE:KREF) Earnings Report Analysis